Stone Global Balanced Fund
Ideal as a core holding for investors wanting exposure to domestic and foreign equities, as well as fixed income securities.
Fund FactsFund Details
Fund Type
Global Neutral Balanced
Fund Mandate
Pure Total Return®
Manager
Stone Asset Management Limited
Portfolio Manager
Stone Asset Management Limited (Equities), Sub-Advisor: Aviva Investors Canada Inc. (Fixed Income)
Fund Net Assets
$44.8 million
Distribution
For Series L, AA, BB and FF: Monthly income and, in December, net capital gains. Distributions will be automatically reinvested unless you elect to receive them in cash. For Series T8A, T8B and T8C: Target annual rate of 8% of the security’s net asset value on the last day of the previous calendar year. Income or return of capital or both monthly and, in December, net capital gains. Distributions will be automatically reinvested unless you elect to receive them in cash.
Inception Date
December 31, 2008
Minimal Initial Investment
$1,000 (L) – $5,000 (AA, FF & T8A)
Why Invest
- Simple mandate where 60% is invested in dividend-paying stocks and 40% is invested in government and corporate bonds.
- One-stop shopping for asset allocation.
- Award-winning Equity & Fixed Income portfolio managers.
Portfolio Managers
Michael Giordano, CPA, CA, MBA, CIM
Experience: 22 years of Investment Management
René Fantin, MBA, CFA
Experience: 6 years of Investment Management
Sunil Shah, CFA, BA
Experience: 12 years of Investment Management
Robert Prospero, CFA
Experience: 9 years of Investment Management
Purchase Options
| Series | Current NAVPS | Prior NAVPS | NAVPS Change | Net Asset Value | Last Updated | ||
|---|---|---|---|---|---|---|---|
| AA | $ 21.2122 | $ 21.1069 | 0.50% | $ 12,804,260.09 | 2022-12-01 | ||
| *BB | $ 21.1660 | $ 21.0612 | 0.49% | $ 282,934.10 | 2022-12-01 | ||
| FF | $ 24.2972 | $ 24.1758 | 0.50% | $ 6,872,117.89 | 2022-12-01 | ||
| O | $ 10.0000 | $ 10.0000 | 0% | $ 10.00 | 2022-12-01 | ||
| T8A | $ 5.2405 | $ 5.2145 | 0.50% | $ 10,925,804.21 | 2022-12-01 | ||
| *T8B | $ 4.9796 | $ 4.9549 | 0.49% | $ 7,323,182.17 | 2022-12-01 | ||
| *T8C | $ 4.8889 | $ 4.8647 | 0.50% | $ 870,527.98 | 2022-12-01 | ||
| L | $ 15.6781 | $ 15.6005 | 0.49% | $ 1,367,197.43 | 2022-12-01 | ||
| * Closed to new purchases. | |||||||
Fund Performance (%)
| Series | 1 Month | 3 Month | 6 Month | Year To Date | 1 Year | 3 Year | 5 Year | 10 Year | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| FF | 1.8 | (4.7) | (4.9) | (18.5) | (16.4) | 1.0 | 2.2 | 5.3 | 6.5 | 2008-12-31 |
| Last Update: 10-31-22 | ||||||||||
CALENDAR RETURNS
| Series | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FF | 7.8 | 14.8 | 12.9 | (1.9) | 8.9 | 0.3 | 9.0 | 8.3 | 14.4 | 8.8 | 1.8 |
Growth of $10,000 Since Inception (Series F)
Portfolio Composition (%)
Top 10 Holdings (%)
| HOLDINGS | ||
|---|---|---|
| 1 | Stone Global Sustainability Fund, Sr. F | 9.0% |
| 2 | Stone Global Growth Fund, Sr. F | 7.3% |
| 3 | Province of Ontario, 2.300%, 9/8/24 | 3.3% |
| 4 | Royal Bank of Canada | 2.1% |
| 5 | Toronto-Dominion Bank | 2.0% |
| 6 | Government of Canada, 5.000%, 6/1/37 | 1.6% |
| 7 | Government of Canada, 4.000%, 6/1/41 | 1.6% |
| 8 | Government of Canada, 1.750%, 12/1/53 | 1.5% |
| 9 | TFI International Inc. | 1.4% |
| 10 | Bank of Nova Scotia | 1.4% |
| TOTAL | 31.2% | |
Fund Management Expense Ratio
| As of December 31, 2021 | |
|---|---|
| AA | 2.86% |
| BB | 3.24% |
| FF | 2.07% |
| L | 3.25% |
| T8A | 2.82% |
| T8B | 3.22% |
| T8C | 3.17% |
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